ID Four Announces Projected Revenues
Thursday December 13, 1:28 pm Eastern Time
Press Release
SOURCE: ID Four Ltd. Inc.
ID Four Announces Projected Revenues
LA JOLLA, Calif.--(BUSINESS WIRE)--Dec. 13, 2001--ID Four Ltd. Inc. (OTCBB:IDFR - news) today released the projected revenues for the company.
The board of directors today released the following projected revenues for the company for the next 12 months, effective Dec. 1, 2001.
With the recent sale of the company's Bing Software and TLCO Software, ID Four has acquired substantial holdings in Cyberfast Systems and IDC Technologies Inc. in the form of publicly traded stock.
The main revenue source for ID Four will be from the increased value in the stock holdings.
The company is projecting the revenues based on the following criteria.
Current holdings of Cyberfast Systems (OTCBB:CYSI - news) stock is 40 million shares, comprising of a combination of common and preferred stock. Based upon Cyberfast Systems business model and cutting edge technology, ID Four's board of directors believe it is easily attainable for the CYSI Stock holding to increase in value to double its current market price within the next 12 months. This would allow a forecast of gross profits in the $15-$20 million dollar region for ID Four.
Projected revenues for the holdings in IDC Technologies Inc. (OTCBB:IDCG - news) are expected to achieve a similar ratio in increased value, projecting a gross profit of $500,000 over the next 12 months.
The board of directors would also point out that the above projected revenues have taken into account the recent dividend stock payment to ID Four shareholders, and the figures shown above are calculated after the dividend stock payment has been deducted.
To obtain the IDC technology, visit www.idfour.com
``Safe Harbor'' statement under the Private Securities Litigation Reform Act Of 1995: This release contains forward-looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's press releases.
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Contact:
ID Four Ltd. Inc., La Jolla
Mary Martin or Ron Stecklein, 858/456-3524 |
